It's not tax season, but now that Trump's spending bill is final, it's a great time to plan, experts say. Don't overlook these new benefits.

The 'One Big Beautiful Bill Act' signed by President Trump introduces significant financial benefits for American families, including a permanent increase in the child tax credit. This legislation aims to provide long-term stability and support,

Millions of American babies are eligible for "Trump Accounts" under the One Big Beautiful Bill Act that was signed into law by President Trump on July 4.

The IRS standard deduction is getting a major upgrade—and everyday Americans stand to benefit. Thanks to the newly passed One Big Beautiful Bill, taxpayers who previously had no reason to itemize can now access new deductions and credits starting in 2025 and 2026.

As a candidate, Trump promised to lift taxes on overtime. The new law allows workers to deduct up to $12,500 in overtime compensation (for single filers) or $25,000 (for joint filers). This deduction phases out for income levels between $150,000 and $275,000 (for single filers) and $300,000 and $550,000 (for joint filers).

The Treasury Department will implement President Donald Trump's tax reform law, which provides deductions for workers' tipped income and overtime pay in the One Big Beautiful Bill Act.

Republicans, including Senate Minority Leader John Braun, have cheered on the bill for offering tax breaks to middle-class residents.

The Democratic National Committee is showing where President Trump's bill could hurt people in the state, but the White House points to savings.